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Rating: A1/A- Amount: £300m upper tier two capital

Nordea this week provided a Eu1.1bn bridging facility for Finnish steel maker Outokumpu. The company is the majority shareholder of stainless steel producer AvestaPolarit, in which it controls 52.4% of the shares and votes. The bridging loan will enable Outokumpu to purchase the 23.2% stake in AvestaPolarit owned by the other main shareholder, Corus Group.

Rating: Aaa/AAA Tranche 1: $50m

We have fled far from the loutish hordes who frequent Royal Ascot and who, if it weren't for their hats, might easily be mistaken for Millwall Football Club supporters. Those photo of two reasonably well-dressed, but very drunk ladies having a fist fight said it all. Whatever happened to a dawn duel with Prada handbags? Because we effectively become prisoners in our own home and have to hire security to protect our property, we didn't miss Royal Ascot at all. We would, however, have loved to attend the Barclays Capital fashion show and dinner which we are told was another outstanding success. With so many stunning, statuesque models cruising the catwalk, we could have shared a refreshing cold towel with our old friend and former colleague, Hans-Jörg Rudloff, as we members of the Heart By-pass Surgery Club are not encouraged to become over-excited.

French carmaker Peugeot returned to market this week with a Eu1.5bn securitisation of French and Spanish car loans. Lead managed by Crédit Agricole Indosuez and Credit Suisse First Boston, the deal is Peugeot's second public securitisation, following a Eu1bn debut offering in June 2001 via CAI and Deutsche Bank.

The $675m five year term loan for Bangko Sentral ng Pilipinas has been completed. The facility was increased from $500m to $675m on the back of over $700m of commitments. Co-ordinating arrangers are Metropolitan Bank and Trust Company and Rizal Commercial Banking Corporation contributing $100m apiece, and BNP Paribas, DBS Bank, ING Bank, Standard Chartered and BPI Capital Corporation pledging $21m each.

Mandated arrangers Citigroup/SSSB and ING have launched the Eu170m five year bullet facility for Polskie Sieci Elektroenergetyczne (PSE) into syndication. Banks that have been invited to join have put together proposals this week and are due to approach their credit committees next week. Commitments are expected to be returned soon after.

BNP Paribas, SG and WestLB have clinched the mandate to arrange a Eu1.5bn revolver for the Republic of Portugal. As the mandate letter has not yet been signed, details are scarce. However, EuroWeek has learnt that the deal has a three year tenor and will carry fine pricing.

The mandate to arrange the $300m facility for Qatar Fuel Additives Company Limited (Qafac) will be awarded by today (Friday).

Rating: Aaa/AAA/AAA Amount: R150m

Rating: Aaa/AAA/AAA Amount: £125m (fungible with the £175m issued 15/02/02)

Rating: Aaa/AAA/AAA Amount: £125m (fungible with the £175m issued 15/02/02)